๐ Chainlink ($LINK ) Technical Deep Dive
๐น Market Bias: Cautiously Bullish
Bullish signals: Falling-wedge breakout, MACD cross, RSI rising above 50
Mixed indicators: RSI around neutral, some signs of overbought short-term
๐ฏ Entry Point
$15.00โ$16.00 zone offers a strategic entry: supports from channel trendline and buying volume concentrated around $14.60โ$15.00
A breakout above $17.00 (the recent resistance) strengthens the bullish case
๐ Liquidity Zones
Support cluster: $14.50โ$15.00 (strong onโchain buyers)
Major support: $12.50โ$13.00 (200โday MA area)
Resistance targets: near $17.00; then $19.00 โ $20.00
๐งฉ Stop Loss Levels
Primary SL: just below entry zone at $14.50, or tighter at $14.00 for $15 buys
Broader SL: below $13.00, tied to 200โday MA โ a break here signals deeper pullback
Short-Term $17.00โ$18.00
Mid-Term $19.00โ$20.00
High-End $25.00โ$27.00
โ ๏ธ Bearish Scenario
A drop below $14.50โ$14.00 invalidates bullish case
A break below $13.00 (200โday MA) may lead to $12 or even $11โ$12 range
Watch for MACD rejecting or RSI falling back under 50
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